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News Ticker
  • [ June 7, 2023 ] Mortgage News: More Lenders Up Cost Of Borrowing As Rate Pessimism Deepens Inflation
  • [ June 7, 2023 ] Major UK lender Halifax pushes up mortgage rates Mortage News
  • [ June 7, 2023 ] Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due. Commercial Real Estate
  • [ June 7, 2023 ] The Bank of Canada Is Likely Ready to Start Hiking Interest Rates Again Economy
  • [ June 7, 2023 ] $500K homes for sale around Indiana in June include historic James Alverson Home Top News
HomeTop News

Top News

“Top news” generally refers to the most important and significant stories of the day, week, or month, as determined by journalists, editors, or news outlets. Top news stories often cover a range of topics, including politics, economics, social issues, health, and entertainment, among others.

Top news stories are usually reported by reputable news organizations, such as major newspapers, news networks, and news websites, and are often featured prominently on their front pages or homepages.

Lenders
Inflation

Mortgage News: More Lenders Up Cost Of Borrowing As Rate Pessimism Deepens

June 7, 2023 Mark Paul Cervantes 0

Lenders are significantly increasing the cost of mortgage borrowing, as was widely expected following last month’s inflation news, to the dismay of beleaguered borrowers, writes Jo Thornhill. The headline rate of inflation fell from 10.1% to […]

Halifax
Mortage News

Major UK lender Halifax pushes up mortgage rates

June 7, 2023 Mark Paul Cervantes 0

(Reuters) – Britain’s largest mortgage provider Halifax will ramp up interest rates for new home loans on Wednesday, according to pricing provided to brokers, the latest major lender to do so in response to soaring […]

Commercial
Commercial Real Estate

Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due.

June 7, 2023 Mark Paul Cervantes 0

With nearly $1.5 trillion in commercial mortgages coming due over the next three years, many landlords are vulnerable to default in part because of how their loans are structured. By June 6, 2023 12:01 am […]

Bank of Canada
Economy

The Bank of Canada Is Likely Ready to Start Hiking Interest Rates Again

June 7, 2023 Mark Paul Cervantes 0

(Bloomberg) — The Bank of Canada probably isn’t done raising interest rates. Whether they move now or in July, policymakers led by Governor Tiff Macklem are expected to resume their tightening campaign. About one in […]

housing market
Top News

$500K homes for sale around Indiana in June include historic James Alverson Home

June 7, 2023 Mark Paul Cervantes 0

The U.S. housing market is gradually cooling off amid elevated mortgage rates and growing recession concerns. The national median existing-home sales price in April slipped 1.7% from one year ago to $388,800, according to USA TODAY. In […]

mortgages
Economy

Potential ‘time bomb’ for US economy looms as $1.5 trillion in real estate mortgages will come due within the next two years

June 6, 2023 Mark Paul Cervantes 0

Some $1.5 trillion in mortgages will come due in the next two years – paving the way for a financial crisis as higher interest rates push down property values As this event looms, big banks such […]

home loan deals
International

UK banks pull hundreds more home loan deals as fixed mortgage rates rise

June 6, 2023 Mark Paul Cervantes 0

Hundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage deals are continuing to ratchet upwards, the latest data reveals. […]

Bank of England
Financial Markets

High inflation and recession risk – the Bank of England’s dilemma

June 6, 2023 Mark Paul Cervantes 0

LONDON, June 6 (Reuters) – The Bank of England is trying to curb an inflation rate that is running higher in Britain than in the United States and the euro zone, without pushing the economy […]

Hong Kong 's central bank
Economy

How Hong Kong plans to test its digital dollar in $229 bln mortgage market?

June 6, 2023 Mark Paul Cervantes 0

HONG KONG, June 6 (Reuters) – Hong Kong ‘s central bank plans to test the use of its digital currency under a pilot project in its HK$1.8 trillion ($229 billion) mortgage market, with an aim […]

Commercial real estate
Commercial Real Estate

S&P Global: Commercial real estate loan delinquency rate ‘rises sharply’

June 6, 2023 Mark Paul Cervantes 0

There’s trouble ahead in the commercial real estate space—especially in the office sector, which has been plagued by the shift to remote work. In the first quarter of this year, the commercial real estate loan delinquency rate increased […]

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U.S. Market

mortgages
Economy

Potential ‘time bomb’ for US economy looms as $1.5 trillion in real estate mortgages will come due within the next two years

June 6, 2023 0

Some $1.5 trillion in mortgages will come due in the next two years – paving the way for a financial crisis as higher interest rates push down property values As this event looms, big banks such […]

inflation
Inflation

Can high inflation and yield surges shape global markets?

May 30, 2023 0

Markets On Friday, strong US eco data (durable goods orders, spending and income data and, last but not least, PCE deflators) all supported the market repositioning that already dominated the price action earlier last week. […]

commercial real estate
Commercial Real Estate

NEMETHY: Small US banks and commercial real estate – a doom loop?

May 30, 2023 0

There is the possibility of a doom loop between Small US banks and commercial real estate. The scenario looks like this: Small banks in the US hold over 70% of commercial real estate loans. Prices […]

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